EDITED Don’t buy a home? And then, when these folks get old and need to retire, and have nothing to live on, you’ll yell, why didn’t they contibute to a retirement account. Well, many people consider their home to be their retirment funds. Their kids are married by then, they sell the house and move into a small condo or apt. and live off the extra money. So you can’t have it both ways. Don’t yell now that they’re spending too much money and later that they didn’t spend enough. Besides, how many apts are there that are large enough for 7+ kids and how many landlords are willing to let large families live in (and wear out) their apts. Moving every 2-3 years is an added expense. I think that the smartest thing is for a family to buy a house – not an upgraded mansion if they can’t afford it, but a home to live in.
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